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21 Aug 2008

ONGC and Reliance latest call

1. ONGC is presently in a bear grip for short term and thus stock is likely to  take support at Rs 969  and ONGC will witness  resistance at Rs 1,130.

2. Similarily keep an eye on reliance Industries breaking the level of Rs 2199 as it will take the market down along with it. 

3. Market is looking weak in light of 16 year high inflation numbers.

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